Caspian Report - Issue: 08 - Fall 2014

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ROMAN RUKOMEDA 132 THE PHANTOM OF RUSSIA-CHINA GAS DEAL ROMAN RUKOMEDA SENIOR FELLOW, NATIONAL INSTITUTE OF STRATEGIC STUDIES, UKRAINE
New gas deal between Russia and China is a good instrument for Beijing to receive the access to many attractive Russian assets while for Kremlin it is an attempt to show the existing alternative for energy partnership with the West. New gas deal between Russia and China is a good instrument for Beijing to receive the access to many attractive Russian assets while for Kremlin it is an attempt to show the existing alternative for energy partnership with the West. China is the side that receiving the most from the war between Ukraine and Russia and the clash in international relations that appeared during the conflict. After Russian aggression against Ukraine Moscow received the full scale sanctions from EU, US and many more others international players for rude violation of international law, human rights and a whole set of international treaties. Having no intention to solve the conflict and reduce the level of violence on the East of Ukraine Russian president Vladimir Putin decided to play the Eastern game with the attempt of tight cooperation with China. The prominent place of such special relations between Moscow and Beijing should have been the new gas deal. Signed in May 2014 and technically supported in October 2014 treaty between Russia and China about joint realization of project “Sila Sibiri (Power of Siberia)” instead of great turn to the East became the second role pipeline to China with unclear perspectives. According to the basic memorandum signed in May the contract was signed for 30 years with the price of 400 billions dollars. According to it Russia is supposed to export about 38 billions of cubic meters of gas annually to China. The first gas was supposed to come in 2018. Now Russian side announces the delay of first gas export on 2020 and the reduction of gas volume up to 5 Bcm at the beginning. The thing is that Russia now has no money to build this gas pipeline by itself. Loans in Western banks are now no longer available. Russia’s own financial abilities are vanishing due to the dynamic fall of oil price which is the main Russian export product. So the only possible donor is China. But Beijing is not in a big hurry to give money for the new gas pipeline. So far Russian gas is not being criti- 133 CASPIAN REPORT, FALL 2014
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CASPIAN PUBLISHED BY CASPIAN STRATE
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Dear Readers, CASPIAN REPORT 2 It i
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CASPIAN CASPIAN REPORT 4 06 FATIH M
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FATIH MACIT, HOLLY REHM 6 THE U.S.
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FATIH MACIT, HOLLY REHM 8 shale rev
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FATIH MACIT, HOLLY REHM 10 in the 1
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FATIH MACIT, HOLLY REHM 12 SINCE TH
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FATIH MACIT, HOLLY REHM 14 these tw
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FATIH MACIT, HOLLY REHM 16 LNG’s
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FATIH MACIT, HOLLY REHM 18 kets, pa
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MANFRED HAFNER 20 THE SOUTHERN GAS
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MANFRED HAFNER 22 THE DOCUMENT RECO
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MANFRED HAFNER 24 Notwithstanding t
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MANFRED HAFNER 26 TANAP, A PROJECTE
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MANFRED HAFNER 28 by the Shah Deniz
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MANFRED HAFNER 30 Snam Rete Gas has
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MANFRED HAFNER 32 THE ESTABLISHMENT
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MATTEO VERDA 34 LNG MARKET: TRENDS
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MATTEO VERDA 36 traditionally accou
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MATTEO VERDA 38 bcm), Brunei (9 bcm
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MATTEO VERDA 40 for transport vesse
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MATTEO VERDA 42 of the global LNG m
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MUBARIZ HASANOV 44 AN OVERVIEW OF E
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MUBARIZ HASANOV 46 Figure 1. Primar
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MUBARIZ HASANOV 48 Figure 4. Real c
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Figure 7. Price of transport fuels
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Figure 10. Electricity generation i
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Figure 13. Breakdown of electricity
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THE SOUTHERN GAS CORRIDOR - WINDOW
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NINO KALANDADZE 58 become comprise
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NINO KALANDADZE 60 This picture mak
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NINO KALANDADZE 62 Security policy.
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NINO KALANDADZE 64 There are benefi
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NINO KALANDADZE 66 tion of Crimea b
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RADU DUDAU 68 THE UKRAINE CRISIS: L
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RADU DUDAU 70 RUSSIA HAS FREQUENTLY
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RADU DUDAU 72 Russia, which depends
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RADU DUDAU 74 WHAT INTERNATIONAL LA
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RADU DUDAU 76 THE NEAR FUTURE WILL
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RADU DUDAU 78 THE UKRAINIAN GOVERNM
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RADU DUDAU 80 parliament decided to
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Page 90 and 91: WHY RUSSIA SIGNED A MAJOR GAS CONTR
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Page 96 and 97: Figure II: Russian energy infrastru
Page 98 and 99: Kazakhstan President Nursultan Naza
Page 100 and 101: MESUT HAKKI CASIN 98 economic devel
Page 102 and 103: Figure IV: China’s gas import sou
Page 104 and 105: THANOS DOKOS, THEODORE TSAKIRIS 102
Page 116 and 117: ARZU YORKAN 114 TURKEY’S RENEWABL
Page 118 and 119: ARZU YORKAN 116 is 12 th in the wor
Page 120 and 121: Figure 4: Solar Energy Potential At
Page 122 and 123: ARZU YORKAN 120 Figure 8: The share
Page 124 and 125: ARZU YORKAN 122 THE STRATEGY PAPER
Page 126 and 127: ARZU YORKAN 124 TURKEY HAS NOT YET
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Page 130 and 131: THE EU AGREEMENT ON THE 2030 FRAMEW
Page 132 and 133: EU Commission President Jean Claude
Page 136 and 137: Russia’s gas giant Gazprom CEO, A
Page 138: CASPIAN CALL FOR PAPERS 136 Caspian
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Caspian Report - Issue: 08 - Fall 2014

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